# Celsius

**Source:** https://www.startuphub.ai/startups/celsius
**Profile type:** Startup

> Crypto lending platform offering interest on deposits and loans against crypto assets.

## About

Celsius was a global cryptocurrency platform and Bitcoin mining company that has emerged from Chapter 11 bankruptcy. Its mobile and web apps have been shut down as part of winding down its business operations, with claim distributions being made to eligible creditors in cryptocurrency and US dollars. Some creditors may also receive equity shares in Ionic Digital LLC, the reorganized mining business.

## Key facts

- **Slug:** celsius
- **Website:** https://celsius.network
- **Location:** New York, United States
- **Founded:** 2017-02-20 00:00:00
- **Employees:** 119
- **Operating status:** Active
- **Total funding:** $769M
- **Sectors / tags:** Blockchain, NFT, Crypto, Fintech, Web3, DeFi, Crypto Lending, Digital Assets, Financial Services
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/celsiusnetwork/

## Frequently asked

### What does Celsius do?

Celsius was a global cryptocurrency platform and Bitcoin mining company that has emerged from Chapter 11 bankruptcy. Its mobile and web apps have been shut down as part of winding down its business operations, with claim distributions being made to eligible creditors in cryptocurrency and US dollars. Some creditors may also receive equity shares in Ionic Digital LLC, the reorganized mining business.

### What is Celsius's valuation?

StartupHub estimates Celsius's effective valuation at $1.8B (range $1.3B to $2.4B, 25% confidence), based on comparable companies in the sector.

### How much funding has Celsius raised?

Celsius has raised a total of $769M in funding. The most recent round on record is Series B.

### Where is Celsius headquartered?

Celsius is headquartered in New York, United States.

### When was Celsius founded?

Celsius was founded in 2017.

### What industry does Celsius operate in?

Celsius operates in Blockchain, NFT, Crypto, Fintech, Web3, DeFi.

### How many employees does Celsius have?

Celsius has approximately 119 people on record.

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